Flytrex completes milestone deliveries, leveraging high-speed drones for rapid on-demand service in food delivery business. ‌

Five scientists walked into a lab late last year and decided to establish a startup combining their wide-ranging expertise, practical experience and breakthrough innovations. The goal of their startup, Somite.ai, is to improve the lives of millions of people by leveraging AI to produce human tissue for cell therapies. The market for the therapies for the diseases they aim to address is estimated at $250 billion.

This is the third high-tech board Bennett has joined since he left politics, previously joining AI cyber company Lasoo and quantum computing startup Quantum Source. Tsur and Bennett founded Cyota in 1999 together with Ben Enosh and Lior Golan and sold it to RSA Security in 2005 for $145 million.

Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors, including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners, and Evolution Equity Partners.

Israel’s vast tech sector has seen its fair share of crises, from financial downturns and the Covid-19 pandemic to periodic flare-ups in the Israeli-Palestinian conflict. Each time, the industry has bounced back, demonstrating why the country of just 9 million people is known as the world’s “startup nation.”

Chains that participate in the adoption, including Freddy’s and Unilever’s The Ice Cream Shop, will send orders to drones via a dropdown wire.

Israel-based company Oshi is making waves in the food industry with its groundbreaking vegan salmon created through cutting-edge additive manufacturing technology. Now, Oshi has set its sights on a new horizon—the United States restaurant market.

After selling their previous company to Palo Alto Networks for $560 million, the founders of the Israeli startup have developed a platform that enables developers to add authentication, user management, and authorization capabilities to consumer and business applications.

Firm joins Wing, UPS, Amazon, Zipline as newest Part 135 drone operator.

Coho AI today announced that it raised $8.5 million in a seed funding round led by Eight Roads, TechAviv and angel investors. CEO Falcon says that the capital will be put toward product R&D and expanding the size of Coho AI’s team, which currently stands at 17 people.

Retrain.ai, a leading AI-driven Talent Intelligence Platform, has been honored as one of the top 10 most promising startups for 2022 by Globes, as designated by Israel's premier venture capital firms. The company is also reporting today it has closed an additional $14 million investment round led by AI-focused Radical Ventures, bringing their total funding raised to $34M.

Jit, a startup that helps developers automate product security by codifying their security plans and workflows as code that can then be managed in a code repository like GitHub, today announced that it has raised a $38.5 million seed round led by boldstart ventures, with Insight Partners, Tiger Global, TechAviv and a number of strategic angel investors also participating.

LinearB, a startup that helps engineering leaders optimize the workflow of their development teams, today announced that it has raised a $50 million Series B round led by Tribe Capital. New investor Salesforce Ventures, as well as existing investors Battery Ventures and 83North, also participated in this round, which brings the company’s total funding to $71 million.

Torq, a Portland, Oregon-based no-code security automation startup formerly known as StackPulse, today announced that it has raised a $50 million Series B round led by Insight Partners. New investor SentinelOne, the publicly traded endpoint security platform, also participated in this round, as well as existing investors GGV Capital and Bessemer Venture Partners. This brings Torq’s total funding to date to $78 million.